235 Olivet LnFletcherNC28732
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fletcher at 235 Olivet Ln, Fletcher, NC, 28732 priced at $648,900 converts $4,086/mo rent into $131/mo cash flow after a $3,176/mo obligation. Total monthly income equals $4,086/mo, and annual cash flow totals $1,576/yr on $213,488 invested. Return on cash invested prints 20.8% in year one, and rental yield reads 7.56% against a $648,900 entry. Equity gained on principal adds $4,187/yr, while 5% annual appreciation compiles into $179,279 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $229,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,086/mo property income covering a $3,176/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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Listed by: Andrew Lanteri • Nest Realty Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4287194